A new card issuer?
Mar 14, 2007, 11:09 am
#1
Original Poster
Join Date: Apr 2004
Location: ATL
Programs: SPG gold; otherwise just base in everything so far, but learning!
Posts: 489
A new card issuer?
I saw this article this morning. I wonder whether he will get anywhere with this, or whether the move may force other issuers to drop interchange fees. If that happens, maybe they'll be stingier with rewards?
http://businessweek.com/bwdaily/dnfl...ndex_companies
"A decade ago, America Online (TWX) co-founder Stephen Case helped bring the Internet to the masses. Now, he hopes to create a similar buzz with millions more consumers hungry for another product: credit. BusinessWeek has learned that Case's latest venture is a new payment system called GratisCard, which will use the Internet to lower transaction fees paid by retailers and, Case hopes, increase access to credit and debit cards for lower-income shoppers as well as consumers with bad credit."
fuzz
http://businessweek.com/bwdaily/dnfl...ndex_companies
"A decade ago, America Online (TWX) co-founder Stephen Case helped bring the Internet to the masses. Now, he hopes to create a similar buzz with millions more consumers hungry for another product: credit. BusinessWeek has learned that Case's latest venture is a new payment system called GratisCard, which will use the Internet to lower transaction fees paid by retailers and, Case hopes, increase access to credit and debit cards for lower-income shoppers as well as consumers with bad credit."
fuzz
